Reliance Denies Buying Iranian Crude Oil, Calls Reports Baseless
Reliance Industries Limited has strongly refuted media reports claiming it purchased Iranian crude oil, labeling the allegations as baseless and misleading in an official statement.
Category : Corporate News
Dubai Property Bonds in Distress Amid Middle East Conflict
Six dollar-denominated property bonds in the Middle East are now trading at distressed levels, accounting for about 15% of the region's real estate bonds in the dollar market, as investor concerns over credit quality and refinancing risks intensify.
India Secures 60 Days of Crude Oil Stock, Government Confirms
The Indian government has announced that the country's crude oil supply is fully secured with a stockpile sufficient for 60 days, ensuring energy stability amid global market fluctuations.
L&T Finance Empowers 100+ Women in Hubballi with Riding Skills
L&T Finance's 'Pillion Rider to Rider' program, in partnership with Aatm Nirbhar, trained over 100 women in Hubballi in two-wheeler riding, road safety, and licensing, promoting independence and mobility.
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Consumer Authority Bans Hotels from Adding Fuel Surcharges
The Central Consumer Protection Authority has issued a strict warning to hotels and restaurants against imposing extra charges for LPG or fuel, citing lack of transparency and unjustified costs to consumers.
Super Micro Shareholders Sue Over Alleged Securities Fraud
Super Micro Computer shareholders have filed a lawsuit accusing the tech firm of securities fraud, alleging it hid sales to China that violated US export laws, following recent criminal charges against executives.
LPG Supply Fully Secure, Panic Buying Due to Misinformation: Ministry
The Petroleum Ministry has confirmed that India's petroleum and LPG supply chains are fully secure and operational, dismissing recent panic buying as driven by deliberate misinformation campaigns.
Jamie Dimon Slams Remote Work, Says It Hurts Young Workers' Learning
JP Morgan CEO Jamie Dimon criticizes remote work, stating it reduces attention in virtual meetings and hampers young employees' learning and emotional intelligence development.
Salesforce Skips Salary Hikes for Senior Staff, Boosts Stock
Salesforce will not give salary increases to directors and above this year, focusing on stock grants and bonuses instead. Top performers may see bonuses up to 140% and stock grants 40% larger.
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Microsoft HR Overhaul: Teams Consolidated, Leaders Promoted
Microsoft announces a major HR restructuring to enhance adaptability, consolidating teams, promoting leaders, and seeing the exit of long-serving executives including the chief diversity officer.
Nayara Energy Hikes Petrol, Diesel Prices
Nayara Energy has increased petrol prices by Rs 5 per litre and diesel by Rs 3 per litre, impacting consumers amid fluctuating global oil markets and domestic economic conditions.
CII Eastern Meet: Trust and Adaptability Key for Business Growth
At the CII Eastern Region meet in Kolkata, industry leaders stressed that future growth requires trust, adaptability, and agility. Huma Qureshi highlighted authenticity in creative fields, while sessions covered startups, media evolution, and AI's role.
LTTS Pivots to Engineering Intelligence, Divests SWC Business
L&T Technology Services announces a strategic pivot towards Engineering Intelligence as part of its 5-year Lakshya Plan, divesting its Smart World and Communication business to AMI Paradigm Solutions to accelerate growth in digital engineering and AI capa
Mallya Swipes at RCB 'Vanity Project' Critics After Record Sale
Fugitive businessman Vijay Mallya responds to critics who labeled his 2008 RCB investment a 'vanity project' as the franchise sells for nearly Rs 16,660 crore, highlighting its growth from Rs 450 crore.
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Nayara Energy Hikes Fuel Prices Across India
Nayara Energy has increased petrol and diesel prices across India, citing West Asia tensions and global market volatility. Check the new rates and impact on consumers.
Hyderabad Fuel Crisis: Credit Crunch Blamed for Pump Shortages
Petrol and diesel dealers in Hyderabad allege a credit stand-off with oil companies caused fuel shortages at 40% of pumps, worsened by panic buying. Companies cite financial constraints.
Chandigarh Civic Service Costs Rise: Water, Sewerage, Garbage Hikes
Chandigarh municipal corporation announces a 5% hike in water charges and increased sewerage cess, following a garbage fee rise in January. Commercial units also face steeper bills, aiming to boost civic revenue amid criticism over service quality.
Vidarbha Petrol Sales Double Amid Panic Buying Crisis
Vidarbha region witnessed panic buying of petrol and diesel, with sales doubling normal levels. Oil companies face supply chain disruptions due to credit stoppage and payment delays amid the West Asia conflict.
Vidarbha Fuel Panic Buying: Petrol Sales Double
Vidarbha region experiences massive fuel panic buying with petrol sales more than doubling normal daily quotas. Diesel sales also surged by 150% as consumers rushed to fill tanks amid global tensions.
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Microsoft HR Restructured for AI Age, Focus on Adaptability
Microsoft's Chief People Officer Amy Coleman announces major HR restructuring to prioritize adaptability and speed, aligning with AI strategy. Key changes include leadership shifts, new teams, and retirements.
Infosys Buys Optimum Healthcare IT, Stratus for Rs 5,200 Cr
Infosys has announced the acquisition of Optimum Healthcare IT and Stratus for approximately Rs 5,200 crore, aiming to strengthen its healthcare technology portfolio and expand its presence in the US market.
Anandi Ramalingam: BEL's First Woman Chairperson's Journey
Anandi Ramalingam, inspired by her railway engineer father, broke barriers to become Bharat Electronics Ltd's first woman whole-time director in 2016 and its first woman chairperson in 2021.
Fuel Panic Buying Continues Despite Government Stock Assurances
Long queues at fuel pumps persist across India as rumors of shortages and price hikes drive panic buying, despite government and oil company assurances of adequate petrol, diesel, and LPG cylinder stocks.
Govt, Oil Firms Deny Fuel Shortage, Warn Against Panic Buying
Indian government and major oil marketing companies have strongly refuted rumors of petrol and diesel shortages, assuring adequate fuel stocks nationwide and urging citizens to avoid panic buying.
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Sammaan Capital Shares Jump 6% on RBI Approval for UAE IHC Deal
Sammaan Capital, formerly Indiabulls, saw its shares rise 6% after the Reserve Bank of India approved a controlling stake acquisition by UAE-based International Holding Company with an initial investment of Rs 8,850 crore.
Infosys $560M US Healthcare & Insurance Acquisitions
Infosys strengthens its US market presence with twin acquisitions: $465M for Optimum Healthcare IT and $95M for Stratus, focusing on healthcare and insurance sectors.
Goa Fuel Panic Buying Amid West Asia Conflict Fears
Goa witnesses long queues at petrol pumps as residents rush to fill tanks due to fears of fuel shortage from West Asia conflict, despite government assurances of adequate stock.
Network18 Appoints Raj Jain as Independent Director
Network18 Media & Investments has appointed Raj Jain as an independent director, effective immediately. This move aims to enhance corporate governance and strategic oversight for the media conglomerate.
BA Pilots Could Get Bonus for Reducing Fuel Burn and Emissions
British Airways is proposing a new incentive scheme to reward pilots for reducing fuel burn and carbon emissions, with bonuses up to 1% of salary if collective targets are met. The plan, set for a union vote in April, aims to cut emissions by 60,000 tonne
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Meta Lays Off Hundreds of Employees in Major Workforce Cut
Meta, the parent company of Facebook and Instagram, has initiated a significant workforce reduction, resulting in the layoff of hundreds of employees. This move is part of the company's ongoing restructuring efforts to streamline operations and enhance ef
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